Debt Collection Agency or Attorney?

Question

I have a judgement against a tenant that I have evicted.  I am trying to find the best way to recoup the money.  I have approached the former tenant and he has no interest in paying me.  He actually has a decent job and owns a few investment properties himself.

The few debt collection agencies I found after a google search were not very helpful.  One agency recommended hiring an attorney.

Can you share your experience on how to collect money after a judgement?

Is there any way to report it to the credit agencies without it costing me money?

Are there any attorneys in the Chicagoland area that do this?

What kind of fees should I expect if using a collection agency?  Using an attorney?

Thanks

John Warren · Answer

@Jay Makda this is definitely worth pursuing. I sat through a presentation by an attorney who specializes in this, and this is an absolute no brainer for you to pursue. You probably will only get 60-70% of it back as most of the attorneys work on retainer who do this, but if the guy has assets and the ability to pay you back then why not chase him?

Chris Seveney · Answer

what state, i know many debt collection attorneys.

Juan Castro · Answer

@John Warren would you be able to PM this attorneys information? I'm also going through an eviction, the tenant owes a lot and I would like to recoop some of that money. Thanks in advance.

John Warren · Answer

@Dan Trinh full disclosure, I still haven't received money from that attorney! I am now using the debt collection attorney that my management software connects with.

Dan Trinh · Answer

Hi John,

I have a similiar situation, could I also get the contact info for the debt collection attorney?

Thanks!

John Warren · Answer

@Jay Makda I will send a PM.

Jay Makda · Answer

@John Warren

Can you recommend the attorney?

Debt Collection Agency or Attorney?

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